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Updated 8 months ago,

Allen Wu's profile image
Allen Wu's profile image
Allen Wu
  • Rental Property Investor
  • Member since Jan 31, 2021
Connect

User Stats

335
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192
Votes
Allen Wu's profile image
Allen Wu's profile image
Allen Wu
  • Rental Property Investor
  • Member since Jan 31, 2021
Connect
Allen Wu
  • Rental Property Investor
192
Votes |
335
Posts
Private Lending & Conventional Mortgage Advice

Lender recommending a 10 year fixed loan

Allen Wu
  • Rental Property Investor
Posted

Hello,

Curious. I’m buying a primary home and all lenders pushing the 10 year fixed loan (variable after 10 years). Why are lenders pushing this? I wanted a 30 year that will cost 0.50% more but lenders all pushing me to 10 year and stating rates will come down and will refi. 

Any reason why they are strongly recommending this? 

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